Digital Realty Trust, Inc. (DLR) Position Maintained by Muzinich & Co. Inc.
Muzinich & Co. Inc. continued to hold its position in shares of Digital Realty Trust, Inc. (NYSE:DLR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,414 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Muzinich & Co. Inc.’s holdings in Digital Realty Trust were worth $160,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of DLR. BlackRock Inc. grew its holdings in shares of Digital Realty Trust by 2,651.9% in the 1st quarter. BlackRock Inc. now owns 15,147,324 shares of the real estate investment trust’s stock worth $1,611,523,000 after purchasing an additional 14,596,894 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Digital Realty Trust by 171.5% in the 2nd quarter. Principal Financial Group Inc. now owns 1,645,291 shares of the real estate investment trust’s stock worth $185,835,000 after purchasing an additional 1,039,244 shares during the last quarter. Uniplan Investment Counsel Inc. bought a new stake in shares of Digital Realty Trust in the 2nd quarter worth about $32,118,000. JPMorgan Chase & Co. grew its holdings in shares of Digital Realty Trust by 34.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,325,268 shares of the real estate investment trust’s stock worth $353,775,000 after purchasing an additional 857,798 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Digital Realty Trust by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 27,643,911 shares of the real estate investment trust’s stock worth $2,941,034,000 after purchasing an additional 529,792 shares during the last quarter.
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In other news, insider Christopher Sharp sold 25,733 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $116.44, for a total transaction of $2,996,350.52. Following the sale, the insider now directly owns 25,733 shares in the company, valued at $2,996,350.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William G. Laperch purchased 1,200 shares of Digital Realty Trust stock in a transaction dated Monday, August 7th. The shares were purchased at an average price of $25.00 per share, for a total transaction of $30,000.00. Following the completion of the acquisition, the director now owns 1,200 shares of the company’s stock, valued at approximately $30,000. The disclosure for this purchase can be found here. Insiders own 0.40% of the company’s stock.
Digital Realty Trust (NYSE:DLR) last released its quarterly earnings results on Thursday, July 27th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.05. The company had revenue of $565.99 million for the quarter, compared to analysts’ expectations of $559.93 million. Digital Realty Trust had a return on equity of 12.39% and a net margin of 21.27%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.42 earnings per share.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Thursday, September 14th. Digital Realty Trust’s dividend payout ratio (DPR) is currently 148.21%.
A number of equities research analysts have commented on the stock. Wells Fargo & Company reissued a “market perform” rating on shares of Digital Realty Trust in a report on Monday, June 12th. Zacks Investment Research lowered shares of Digital Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. KeyCorp reissued a “buy” rating and set a $130.00 price objective on shares of Digital Realty Trust in a report on Friday, August 25th. Cowen and Company reissued a “buy” rating and set a $126.00 price objective on shares of Digital Realty Trust in a report on Friday, August 25th. Finally, BidaskClub raised shares of Digital Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $120.00.
About Digital Realty Trust
Digital Realty Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of owning, acquiring, developing and operating data centers. The Company is focused on providing data center and colocation solutions for domestic and international tenants across a range of industry verticals ranging from financial services, cloud and information technology services, to manufacturing, energy, healthcare and consumer products.
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